04:32:22 EDT Mon 13 Jul 2020
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save

Gold Summary for May 8, 2020

2020-05-08 18:48 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

New York spot gold slipped $15.10 to $1,702.90 on Friday. North American senior markets moved higher again today, and the TSX-V followed suit with a 3.87-point gain to end the day at 492.09. The TSX gold index followed bullion lower, dropping 2.39 points to 352.31. Teranga Gold Corp. (TGZ) bucked the trend, adding 27 cents to $10.70 on 1.15 million shares. The company said late yesterday that it will reveal its first quarter results next week.

Jason Neal's TMAC Resources Inc. (TMR) gained one cent to $1.69 on 22.8 million shares on word that it has agreed to a takeover by China-based Shandong Gold Mining Co. Ltd. Shandong will pay $1.75 per share for TMAC's stock, which the parties agree is a 52-per-cent premium to TMAC's 20-day average price of $1.15 per share. Grumpy TMAC shareholders will undoubtedly point out that the offer is a 4-per-cent premium to Thursday's close, although that was a result of TMAC's stock "inexplicably" gaining 23 cents to end yesterday at $1.68 on 3.07 million shares.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2020 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.